On the 27-28 of April, TAINA joined industry professionals and IRS experts at the Tax Reporting Group’s 2021 Tax Reporting and Withholding Virtual Conference, for two days of engaging discussion on the latest regulatory changes and industry topics.
A particular highlight of mine was the very well-presented NRA/FATCA Session 2, presented by Laurie Hatten-Boyd – KPMG, Chip Collins – UBS and John Sweeney – IRS ACCI and Subin Seth - IRS ACCI, thank you all for your insight on the key industry updates.
Keynotes and take aways that I had from that particular session and the conference in general, is that there is an expectation that the IRS will provide a lot of information this year including; the first publication of the final chapter 3 / chapter 4 regulations, 871(m) regulations, 1446(f) regulations, publication of the Form W-8 and instructions plus a few other updates.
Some of the other useful points identified were:
TAINA continues to track and monitor these changes and updates to identify and deliver effective and efficient solutions to the industry and meet our clients’ expectations. Read more about TAINA solutions for 1446(f) here.
Thank you again to the Tax Reporting Group, in particular Cheryl Riedlinger and Erica Fine, for connecting TAINA to the conference. We look forward to attending it again next year.